Agricultural Robots Market: Growth Forecast and Trends by 2024

The global agricultural robots market size was valued at USD 6.22 billion in 2022 and is projected to grow from USD 6.72 billion in 2023 to USD 17.29 billion by 2030, exhibiting a CAGR of 14.5% during the forecast period. North America dominated the agricultural robots industry with a market share of 38.58% in 2022.

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Industry developments of agricultural robots market:

• Chipotle Mexican Grill would be investing in Greenfield Robotics, a Kansas-based regenerative farming company, to expand the presence of agricultural robots globally.
• Chinese drone manufacturer DJI introduced two models of drones, the T60 and T25P, designed for diverse application such as farmland spraying and aerial seeding. These drones are lightweight and used in agriculture, forestry, and aquaculture.
• Robotics Plus, a New Zealand-based agri-tech company launched a multi-purpose autonomous robot named Prospr for orchard and vineyard crop harvesting.
• an agricultural drone was launched by XAG in Vietnam that is fully autonomous, easy to operate, and has a high payload capacity of up to 50 kg.

Top Companies of agricultural robots market:

• Deere & Co. (U.S)
• DJI (China)
• CNH Industrial (U.K.)
• AGCO Corporation (U.S.)
• DeLaval (Sweden)
• YANMAR HOLDINGS CO., LTD (Japan)
• Lely (Netherlands)
• BouMatic Robotics (Canada)
• AgEagle Aerial Systems Inc (U.S.)
• Robert Bosch GmbH (Germany)
• Naïo Technologies (France)

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Agricultural Robots Market Segmentation

Agricultural Robots Market Share, Size & Industry Trends Analysis, By Product Type (UAVs/Drones, Livestock Farming Robots, Robotic Tractors, Automated Cultivation Systems), By Application (Farm Production, Dairy and Livestock, and Others (Specialty Crops)), and Regional Forecast Between, 2023-2030

Reasons to buy this report:

The present state of the market, trends, growth areas, and competitive dynamics in the agricultural robots market are all thoroughly examined in this report. It helps companies to see areas for expansion and improvement while pointing out possible difficulties and dangers. The report’s evaluation of product portfolios and business segments helps stakeholders make better-informed investments and market strategies.

Developing successful success strategies in the agricultural robots market can be facilitated and decision-making greatly enhanced by having a solid understanding of the industry dynamics described in the report. All things considered, this report is a great resource for anyone looking for in-depth knowledge about this quickly evolving industry.

Regional Atributes:

• North America (By Product Type, By Application, and Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
• Europe (By Product Type, By Application, and Country)
  • U.K. (By Product Type)
  • Germany (By Product Type)
  • Italy (By Product Type
  • France (By Product Type)
  • Spain (By Product Type)
  • BENELUX (By Product Type)
  • Rest of Europe
• Asia Pacific (By Product Type, By Application, and Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • South Korea (By Product Type)
  • Rest of Asia Pacific
• Middle East and Africa (By Product Type, By Application, By End-User Industry, By Payload Capacity, and Country)
  • GCC Countries (By Product Type)
  • South Africa (By Product Type)
  • Turkey (By Product Type)
  • North Africa (By Product Type)
  • Rest of the Middle East & Africa
• South America (By Product Type, By Application, By End-User Industry, By Payload Capacity, and Country)
  • Brazil (By Product Type)
  • Argentina (By Product Type)
  • Rest of South America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Agricultural Robots Market Drivers and restrains:

• Driver: Increasing Labor Costs

  Rising labor costs in agriculture drive the adoption of agricultural robots, which offer efficient automation solutions for tasks such as planting, harvesting, and monitoring, reducing the reliance on manual labor.

• Driver: Technological Advancements

  Advancements in robotics, artificial intelligence, and machine learning enhance the capabilities of agricultural robots, making them more precise, adaptable, and effective in managing various agricultural tasks.

• Driver: Growing Need for Improved Crop Yields

  The increasing demand for higher crop yields and improved agricultural productivity drives the adoption of agricultural robots, which can optimize planting, harvesting, and crop management processes.

• Restraint: High Initial Costs

  The significant upfront investment required for purchasing and integrating agricultural robots can be a barrier for smaller farms and agricultural operations with limited budgets.

• Restraint: Maintenance and Operational Complexity

  Agricultural robots require regular maintenance and can involve complex operation and integration processes, which may lead to additional costs and challenges for users in terms of training and support.

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